Booming multi-family construction permit values up nearly 70 percent over 2020’s record-breaking year
Prince George, BC - According to a staff report going to Prince George City Council later this month, building permit values registered at the City of Prince George climbed to record heights in 2021 driven largely by private sector multi-family housing construction. Traditionally, building permit values are an important economic indicator.
In 2021, the value of permits sold at the City of Prince George passed $237.6 Million, a 6.3 percent increase over the values in 2019, formerly the all-time record, which totalled roughly $223.4 Million. This total also brings the value of permits purchased in Prince George in the past five years (2017 to 2021) to nearly $1 Billion ($985 Million).